Implats sees 125,000 oz platinum surplus in 2004

Newswire

JOHANNESBURG, Aug 27 (Reuters) - South Africa's Implats, the world's second largest platinum producer, forecast on Friday a small global platinum surplus in 2004 after five years of deficit, as high prices crimp Chinese jewellery demand.
A sharp drop in jewellery demand will be partly balanced by continued strong consumption from the auto sector, Senior Marketing Manager Derek Engelbrecht told a results presentation.
"Since 2002 we've lost nearly three-quarters of a million ounces in ...

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